Level 10 may well be the suggested level to obtain the item, but it's useless to a level 10 player. I just got one with my 10 Friar and it cons blue. Effective DPS is 3.2. Effective DPS on my Oaken Quarterstaff I bought in town is 3.6. Do the math. This is of questionable use.. perhaps for people who can't afford to spend a few bucks on a store made staff.. but for my money, this is a waste.
The exp down here ain't half bad, though.